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Alternate minimum tax

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(Querist)
16 April 2012 I am a individual having salary of Rs. 10 lacs for the AY 2013-14. I also have LTCG of Rs. 45 lacs. I take deduction u/s 80C of Rs. 1 lacs. Do Alternate minimum tax is applicable to me or I have to pay tax as per normal provision. please help
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Prakash Kochar

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Prakash Kochar (Expert)
17 April 2012 For income other than LTCG after allowing deduction u/s. 80C normal rate will be applicable. For income taxable under head LTCG flat rate of tax u/s. 112 will be applicable.
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